Opt for digital solutions to comply easily with VAT

  • Date: 17-Feb-2021
  • Source: Times of Oman
  • Sector:Technology
  • Country:Oman
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Opt for digital solutions to comply easily with VAT

Muscat: With the introduction of value-added tax (VAT) in Oman from April, businesses in the country will have to adapt to newer, faster techniques to comply with VAT regulations. Adopting robust digital solutions will be a good start as compared to manual solutions. The digital business management solutions not only simplify operations but also facilitate users to comfortably manage and grow their business without needing to know the finer nuances of accounting or technology. The key goal is to keep the user experience at the core, offering speed, simplicity and flexibility at all times. Maintain records easily: A move to a business management software will help businesses to not only organise data but also ensure that the financial records are easy to retrieve, anywhere anytime. Along with the operational benefits, the simplicity and reliability offered by these solutions elevate the threat of losing books and information due to mismanagement, making it easy to comply and file VAT on time. Access information conveniently: In a business, interdependence is the key. Departments are interlinked together, with each department helping the other out. This interdependence means that all departments must have access to the critical information of the business, anywhere, anytime. It is